Whatsminer M50S+ Profitability and Price Guide

A guide to Whatsminer M50S+ profitability, firmware, cost, and more.

Hashrate Index
Hashrate Index

The Whatsminer M50S+ is a highly energy efficient Bitcoin mining ASIC which is part of the next-generation of leading mining hardware. As the 2024 halving approaches, the M50S+ (along with other next-gen rigs) are becoming increasingly popular as miners look for energy efficiency and hashrate gains to prepare for the slashing of block rewards.

Developed by the Chinese firm MicroBT, the Whatsminer M50S+was released in November 2022 as the latest addition to the Whatsminer M50 series, which includes the Whatsminer M50 and Whatsminer M50S.

In this article, we'll cover some basics about the M50S+, as well as its current profitability, pricing, firmware options, and whether or not it's worth the buy.

Want to run the numbers for operating cost and profit with the M50S+? Check out the Whatsminer M50S+ page on Hashrate Index's ASIC directory to view up-to-date profitability and ROI data.

What is the Whatsminer M50S+?

The Whatsminer M50S+ is the latest Bitcoin mining ASIC from MicroBT. It is one of the most powerful mining rigs on the market with a hashrate of 136 TH/s or 140 TH/s. It has an energy efficiency of 24 J/TH, which makes it one of the most energy-efficient miners available. It is preceded by the Whatsminer M50 and Whatsminer M50S.

Compare this to the Whatsminer M50S, which has a hashrate between 120 and 130 TH/s and an efficiency of 26 J/TH, or the Whatsminer M50, with a hashrate between 110-120 and an efficiency of 29 J/TH. Or compare it to the Whatsminer M30s++, which has a hashrate of 110 TH/s, 112 TH/s, 114 TH/s and efficiency of 31 J/TH, or the Antminer S19 XP, which has a hashrate of 134 TH/s and 140 TH/s and an efficiency of 21.5 J/TH.

Whatsminer M50S+ price: How much does the M50S+ cost?

Pricing for the Whatsminer M50S+ is difficult to pinpoint, because the rig is just now available on the secondary ASIC market. At the time of writing, Luxor’s ASIC trading desk has received batches that are priced at $34/TH (so $4,760 for a 140 TH/s model and $4,624 for a 136 TH/s model).

ASIC prices are always fluctuating, so we recommend that you track prices weekly on Hashrate Index’s ASIC Price Index page.

Whatsminer M50S+ profitability: How much does the M50S+ make?

Bitcoin miners use hashprice to measure earnings potential for their Bitcoin miners. Hashprice is a measure of how many dollars or how much bitcoin a Bitcoin mining ASIC can earn each day per terahash of compute power.

At the time of publication, a 140 TH/s Whatsminer M50S+ can earn $10.88 a day, and a 134 TH/s Whatsminer M50S+ can earn $10.41. (To calculate this earning potential, you take the current hashprice, which is $0.07773 per TH/s per day, and multiply it by the mining machine’s hashrate). To see up-to-date earning potential for this model and other rigs, check out Hashrate Index's Hashprice Index to calculate it yourself, or check out Hashrate Index's Rig Page to see daily revenue automatically calculated.

It is important to keep in mind that hashprice calculates revenue, not pure profit. To discern profit, miners need to factor in the cost of electricity (and cooling).

Whatsminer M50S+ firmware

Unfortunately, the M50S+, like other Whatsminer machines, has no third-party firmware integrations at this time. The only firmware available for the Whatsminer M50S+ is MicroBT’s stock firmware.

Firmware for MicroBT machines requires tuning for each individual ASIC chip on the mining rig’s hashboards, a herculean technical task that has kept third-party providers from releasing firmware for MicroBT hardware.

Is the Whatsminer M50S+ worth it?

The Whatsminer M50S+ is a powerful and efficient miner that is worth considering for miners both new and old.

The only unknown comes from the fact that the M50S+ is not as tried and tested as Whatsminer’s older models. That said, miners who have tested the machine have not indicated any serious operational issues, and Whatsminer machines are in the same class as Bitmain for reliability and quality.

With 2024’s halving fast approaching, the M50S+ will become a staple for miners, particularly those with higher costs, to ensure that they remain competitive when the block subsidy is cut in half.

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